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From 1996 to 2002, the U.S. dollar appreciated by 22% on average against the currencies of major U.S. trading partners. Assuming that the yen and

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From 1996 to 2002, the U.S. dollar appreciated by 22% on average against the currencies of major U.S. trading partners. Assuming that the yen and dollar prices in Japan and the United States did not change, Japanese products became 22% than U.S. products for Japanese consumers. cheaper Which of the following describe the U.S. manufacturers' best strategic responses to the cuffes more expensive Check all that apply. O Cut the product prices to realize falling unit-profit margins Shift production from manufacturing bases abroad back home () Increase the prices of their product to realize the additional revenue O Establish Integrated manufacturing bases abroad

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